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Singapore’s New Digital District Expected to Generate 2,000 Tech Jobs

Singapore has introduced an all-out effort to prepare for this new reality. Going digital is now a must for businesses of all sizes, and workers are being encouraged to learn new skills as the economy embraces more technology. According to one estimate, the burgeoning digital economy will contribute up to US$10 billion (approximately S$13.5 billion) to Singapore’s GDP by 2021. However, with new opportunities come new challenges. For example, when jobs and skills become obsolete faster than people expect.

With this, the drivers of Singapore’s next phase of growth are starting to fall into place, with the first batch of global companies confirming plans to establish a base in Punggol Digital District. The Republic is positioning the upcoming digital district as the location of choice for technology companies as it prepares for the digital economy to power its growth.

The Minister for Trade and Industry stated at an event at the Punggol Digital District site office, which was also streamed virtually, that the first four companies to set up shop in the new hub are expected to create about 2,000 new tech jobs, ranging from data analysts to fraud hunters and blockchain developers. The minister, who is one of the co-chairs of the multi-ministerial task force on Covid-19, stated that the pandemic has resulted in technological disruption of traditional business models and remote working trends. But, he added, it has also created new opportunities.

“The digital economy can potentially fuel the next lap of economic growth,” he said, citing a report that said the digital market in Southeast Asia is expected to triple by 2025 to reach US$300 billion (S$408 billion).

The Punggol Digital District has been identified as a critical hub for bringing together industry players, academics, and tech talent. Yesterday, the Minister of Trade and Industry announced that the first four companies that will start the buzz are a smart living solutions company, a robotics design company, a cyber-security services provider, and a blockchain solutions provider. “Each of these companies brings different expertise to the mix,” emphasise the Minister for Trade and Industry.

In 2018, the master plan for the 50-hectare Punggol Digital District was unveiled. The district will gradually open beginning in 2024. When fully developed, it is expected to generate approximately 28,000 digital economy jobs. The district will house the new campus of the Singapore Institute of Technology (SIT), which will serve over 10,000 students and 500 academic staff.

As per JTC Corporation, this means that businesses will have easy access to SIT talent, while students will benefit from an applied learning environment. The district will also function as a living lab for businesses, students, and the public to test digital and smart living solutions

The Punggol Digital District was designed to be a smart and sustainable mixed-use development. JTC’s master plan aligns with Singapore’s Smart Nation and digital economy plans. It is mentioned that those companies will be vital in helping nurture next-generation digital talent, while building skillsets for mid-career professionals, in turn creating good job opportunities for Singaporeans.

In correspond, according to the World Economic Forum and the Group of Twenty, the digital economy is a broad range of economic activities that use digitised information and knowledge as key factors of production, modern information networks as an important activity space, and information and communications technology to drive productivity growth.

To put it simply, the digital economy is organised, enabled and facilitated by technology ranging from computers, Internet to emerging ones like artificial intelligence and the Internet of Things. Its growth and far-reaching influence have brought about tremendous disruptions across all industries.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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